Shiba Inu (SHIB) along with another meme coin Dogecoin (DOGE) have had the worst crashes. However, SHIB is singing a different tune as it turns green after suffering a bearish downturn for a long time. <\/p>\n
Unlike DOGE, the crypto community is very optimistic about the future of Shiba Inu\u2019s price.<\/p>\n
Shiba Inu is a popular dog meme coin that is said to rival Dogecoin. SHIB is a high-performer in the crypto space but also suffered a catastrophic drop like the rest of the crypto market. <\/p>\n
However, in October, SHIB was able to bounce back by more than 100% and reached an ATH of $0.00008616.<\/p>\n
Shiba Inu was built on Ethereum while DOGE had its own blockchain. SHIB went viral as it was treated like a joke on social media, especially on Twitter. <\/p>\n
Basically, Shiba Inu initially was able to ride on with DOGE\u2019s success as many people jumped in and bought SHIB to rake in from the positive market sentiments.<\/p>\n
Crypto Community Predicts 101% Spike For SHIB<\/p>\n
The CoinMarketCap community forecasted that SHIB will trade by $0.00002065 at the end of July this year. The crypto community, composed of around 16,403 members has predicted Shiba Inu\u2019s price to spike by 101.30% or 0.00001039 from its current price.<\/p>\n
As of this writing, the community members have voted and forecasted the SHIB price for August to glide to $0.00001761.\u00a0\u00a0<\/p>\n
Since January of 2022, SHIB has been on a steady decline seen mostly in May but the good news is that it generated short-term winning streaks as of press time.<\/p>\n
The dog meme coin has dropped massively by 60.82% from $0.000034 seen on January 1 to now at $0.00001026.\u00a0 As per CoinMarketCap data, the total market capitalization of SHIB stands at $5.62 billion.<\/p>\n
The crypto market has crashed extremely hard but SHIB has suffered a more aggressive type of crash. Most cryptocurrencies have dropped by 75% in the previous months but SHIB lost as much as 90% in total value.<\/p>\n
SHIB Outpaces DOGE, Breaches Downtrend Line<\/p>\n
However, when it performed a bullish movement in October, SHIB was able to outpace DOGE in the top 10 crypto list. SHIB now has a loyal and raving community bringing in more investors.<\/p>\n
SHIB downtrend was seen last year in November and prices dropped massively to as low as $0.0000077.<\/p>\n
SHIB was able to breach the downtrend line which hints at a trend reversal and indicates robust validations especially with the crypto market flashing the green light. SHIB\u2019s technical indicators show that there is a coming uptrend.<\/p>\n
If SHIB can successfully breach the $0.000013 price barrier, it can offshoot to the next target at $0.000020.<\/p>\n
SHIB total market cap at $6.6 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Cointribune, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Shiba Inu (SHIB) along with another meme coin Dogecoin (DOGE) have had the worst crashes. However, SHIB is singing a different tune as it turns green after suffering a bearish downturn for a long time. <\/p>\n
Unlike DOGE, the crypto community is very optimistic about the future of Shiba Inu\u2019s price.<\/p>\n
Shiba Inu is a popular dog meme coin that is said to rival Dogecoin. SHIB is a high-performer in the crypto space but also suffered a catastrophic drop like the rest of the crypto market. <\/p>\n
However, in October, SHIB was able to bounce back by more than 100% and reached an ATH of $0.00008616.<\/p>\n
Shiba Inu was built on Ethereum while DOGE had its own blockchain. SHIB went viral as it was treated like a joke on social media, especially on Twitter. <\/p>\n
Basically, Shiba Inu initially was able to ride on with DOGE\u2019s success as many people jumped in and bought SHIB to rake in from the positive market sentiments.<\/p>\n
Crypto Community Predicts 101% Spike For SHIB<\/p>\n
The CoinMarketCap community forecasted that SHIB will trade by $0.00002065 at the end of July this year. The crypto community, composed of around 16,403 members has predicted Shiba Inu\u2019s price to spike by 101.30% or 0.00001039 from its current price.<\/p>\n
As of this writing, the community members have voted and forecasted the SHIB price for August to glide to $0.00001761.\u00a0\u00a0<\/p>\n
Since January of 2022, SHIB has been on a steady decline seen mostly in May but the good news is that it generated short-term winning streaks as of press time.<\/p>\n
The dog meme coin has dropped massively by 60.82% from $0.000034 seen on January 1 to now at $0.00001026.\u00a0 As per CoinMarketCap data, the total market capitalization of SHIB stands at $5.62 billion.<\/p>\n
The crypto market has crashed extremely hard but SHIB has suffered a more aggressive type of crash. Most cryptocurrencies have dropped by 75% in the previous months but SHIB lost as much as 90% in total value.<\/p>\n
SHIB Outpaces DOGE, Breaches Downtrend Line<\/p>\n
However, when it performed a bullish movement in October, SHIB was able to outpace DOGE in the top 10 crypto list. SHIB now has a loyal and raving community bringing in more investors.<\/p>\n
SHIB downtrend was seen last year in November and prices dropped massively to as low as $0.0000077.<\/p>\n
SHIB was able to breach the downtrend line which hints at a trend reversal and indicates robust validations especially with the crypto market flashing the green light. SHIB\u2019s technical indicators show that there is a coming uptrend.<\/p>\n
If SHIB can successfully breach the $0.000013 price barrier, it can offshoot to the next target at $0.000020.<\/p>\n
SHIB total market cap at $6.6 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Cointribune, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4568","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=4568"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4568\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4568"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}